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Firm to replace losses in state retirement fund

...those in the Supplemental Benefit System, in varying amounts. State Street Global Advisors touted the Daily Corporate/ Government Bond fund as an ultra-safe investment that was intended to track a market index and only invest in low-risk...
State works to recover retirement funds

...commissioner of the Department of Revenue. State Department of Revenue officials say State Street's Daily Corporate/Government Bond Fund was billed as an especially safe investment option, but the company instead went for risky investments...
State workers lose millions to bond fund

...instead plunged dramatically lower than the index. While the index rose 3 percent so far this year, the Daily Corporate/Government Bond Fund fell 18 percent, Burnett said. If State Street's managers were investing in something other than what...
Critics: State retirement plan was too risky

...that out, and replace it with another investment selection," Stedman said. State Street Corp.'s Daily Corporate/Government Bond Fund fell dramatically in August, while the index it was designed to track rose slightly, said Brian Andrews...
State should cover retirement losses, Sen. Elton says

...Management Board held an emergency meeting in August to pull state employees' money out of the State Street Daily Corporate/Government Bond Fund, one of the choices in its Supplemental Benefit System plan, and a choice in the new defined contribution...
State keeps quiet about victory in settlement

...Alaska was among the first entities to pull its members' money out of the State Street Global Advisors Daily Corporate/Government Bond Fund when it began posting returns different from the bond index it was supposed to track in August. Revenue...
Permanent Fund gives State Street the boot

...Retirement Management Board. Alaska was only one of many retirement funds which lost money in State Street's Daily Corporate/Government Bond Fund. The fund, which was billed as a conservative investment option, instead made risky bets involving...


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